Property profile

5734 Rdg Rd Parma, OH 44129

OFF-MARKET
Medical Office Space
Property ID
US66-0473950
2,228 SF 0.15 ac lot Built 1954
Trust Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Construction TYPE NOT SPECIFIED
Total area 2,228 SF
Lot 0.15 ac (6,426 SF)
Zoning code RB
APN 443-03-026
UPID US66-0473950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center
  • Physician

Location

5734 Rdg Rd Parma, OH 44129-2959
Parma metro Census 177104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
1999
$140,000
1969
Price N/A

Zoning & alternative use

RB · Parma, OH
Zoning description

Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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